Sumitomo Forestry America, Inc., a comprehensive housing and wood products company will create 129 jobs in Randolph County, Governor Roy Cooper announced today. The company, through a new wholly owned subsidiary, will establish a manufacturing facility and invest $19.5 million in Archdale.”Manufacturing companies find North Carolina’s rural communities offer them an ideal place to grow their businesses,” said Governor Cooper. “From our superior transportation networks to our skilled workforce, Sumitomo Forestry will find Randolph County will deliver the right ingredients for success.”
Sumitomo Forestry America is a wholly owned subsidiary of Sumitomo Forestry Co., Ltd., a Nikkei-listed forestry company founded in 1691 and headquartered in Tokyo. Sumitomo Forestry has accumulated technologies and expertise related to wood and wood products over its many years in business, and one of the company’s major lines of business is housing and construction. The company’s project in North Carolina will establish a component manufacturing and distribution facility to produce building materials, such as roof trusses, floor trusses, and wall panels used in residential housing and wooden commercial and multi-family buildings.
Another wholly owned subsidiary of Sumitomo Forestry America, Charlotte-based Crescent Communities, will help develop and build the new production facility.
“We look forward to partnering with North Carolina on the development of this facility, which will not only h …
